16.10.2025

The Bundesbank’s latest Monthly Report shows that industry is continuing to suffer due to structural problems and raised US tariffs. In their analysis, the Bundesbank’s experts found that output, real sales and exports of goods declined in the third quarter. Moreover, the still low level of capacity utilisation in industry and weak competitiveness probably continued to weigh on investment activity. Meanwhile, private consumption is likely to have registered a slight increase, the authors write.

15.10.2025 

The Bundesbank’s latest Monthly Report shows that increasing uncertainty has a major impact on investor behaviour and capital market dynamics. When uncertainty rises unexpectedly, investors tend to disproportionately reduce their exposure to emerging markets. Outflows from investment funds in relation to holdings are around three times higher than those from advanced economies, according to the Bundesbank’s experts.

In 2024, Germany paid more to the European level than it received by around 0.4 % of its gross national income (€18 billion), as explained in the current edition of the Bundesbank’s Monthly Report. It was thus one of ten Member States that made net contributions to the EU budget and the NextGenerationEU (NGEU) off-budget entity. It was not among the frontrunners, however, as it received significantly more NGEU grants than it did in previous years. Once every year, the Bundesbank calculates the net contributions to the EU budget and NGEU. In addition, the Monthly Report examines the European Commission’s proposal for the next multiannual financial framework.

Merchants are not just participants in the digital euro project – they are its driving force, said Executive Board member Burkhard Balz during an event in Brussels. Representatives from politics, business and trade discussed the opportunities and challenges presented by a digital euro during the conference entitled The digital €uro: a game changer for European merchants.